Just shy of five years since buying them, Verizon is selling AOL and Yahoo for $5 billion.Going forward, the two companies will be known solely as Yahoo.After just shy of five years of ownership, Verizon has sold its ownership stake in Yahoo and AOL for $5 billion, the telecoms giant announced on Monday morning.
The new company formed by AOL and Yahoo will be known solely as Yahoo, and the new owner is private equity firm Apollo Global Management.
Verizon found a SUCKER here. Not even worth $2B.
How about going backwards!? BusinessSpeak, ManagementSpeak, BusinessJargon.
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